Video

Court cases

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

osarun,

Tokyo, Japan,

Aug 1, 2012,

Guest

On July 10, 2012 (the "Petition Date"), Peregrine Financial Group, Inc. dba PFG Best (the "Debtor") filed a voluntary petition in the United States Bankruptcy Court for the Northern District of Illinois (the "Bankruptcy Court") seeking relief under Chapter 7 of the United States Bankruptcy Code. Ira Bodenstein has been appointed as the Chapter 7 Trustee of the Debtor's estate. This website was created to assist the Trustee in providing information for creditors and interested parties, as well as to solicit and receive comments from such parties.

Ira Bodenstein, not personally, but as chapter 7 trustee (the “Trustee”) for the estate of Peregrine Financial Group, Inc. d/b/a PFG Best ( the “Debtor”) is in the process of determining whether persons who maintained accounts with the Debtor will need to prepare a customer claim form. No such determination has yet been made at this time.

The content of the standard proof of claim form is not tailored to address customer accounts. The fact that the claim form is on the website is not meant to imply that creditors’ claims will be addressed before customer claims.

Please return to the website regularly for additional updates from the Trustee concerning customer claims.

Just search in Google, pfg is in all the major headlines right now....

MONIKA,

Chicago, USA,

Jul 10, 2012,

Guest

In Poland we say "It will heal before the wedding ....:) " its like everything will be fine ... haw sarcastic according to junior wedding set on august 4 th ....critical condition, than coma in approximately 2 week and finally loosing memory especially where the money gone ... 2 years lawsuit with discontinuance of legal proceedings and old McDonalds will stay happy on his farm in Iowa pretending loosing his memory and insane ... son will be innocent shifted the responsibility onto his insane father...but one day that bad one someone will come to the ranch with big gun one who was f.. by them and angry and revenge and it will be end of the story ....so Mr. W Sr. you can assume subside but real banshee will meet you soon anyway ...like karma :)

4XTrader2,

, USA,

Jul 10, 2012,

Guest

July 10, 2012, 11:37 a.m. EDT
CFTC sues PFG for 'violating' customer funds
By Ronald D. Orol
WASHINGTON (MarketWatch) - The nation's commodity's regulator on Tuesday said it filed a lawsuit against Iowa-based investment firm Peregrine Financial Group Inc. alleging that the firm committed fraud by misappropriating customer funds. According to the Commodity Futures Trading Commission, in July 2012, the firm allegedly falsely said it held more than $220 million of customer funds when in fact it held approximately $5.1 million. The CFTC complaint in the United States District Court for the Northern District of Illinois follows a similar situation with New York-based MF Global, which filed for bankruptcy on Oct. 31 after disclosing exposure to derivatives and other investments related to billions of dollars in European sovereign debt and leading to $1.6 billion in missing customer funds. According to the suit, PFG CEO Russell Wasendorf attempted to commit suicide Monday.

Karon Lewis,

Kissimmee, USA,

Jul 9, 2012,

Guest

Dear fpa please warn everybody the NFA just froze there accounts they stole $220 million from clients all accounts now frozen

Crooks. Stay away.
They seem nice in the beginning but they will sell any client down the river without a second thought.
Just posting this as warning. These guys are worse than the mafia.I will update this shortly as I don't want to post too much info right now

E,

Chicago, USA,

May 30, 2012,

Guest

They Seem not to really care about their Forex department anymore. They liquidated my account and took my money. I feel since all the money in this industry is going out of the country because of leverage they are screwing the few clients they have. BEWARE. If they have such a bad outlook on the customer they might as well screw their Futures customers soon. Also will be updating this to scam pending a conversation with their customer service department on the location of my funds. Also will be passing this to my affiliates who trade Futures with them to close their accounts.

Allison Rossino,

, USA,

Mar 14, 2012,

Guest

Commissions are ridiculous. They don't even publish them. BEWARE!

TIM,

Chicago, USA,

Mar 8, 2012,

Guest

These guys are crooks. IF YOU WANT TO LOSE MONEY THIS IS YOUR BROKER. BAD ACCOUNTING - SERVERS ARE ALWAYS F#D UP. HORRIBLE BROKER. DEMO SERVERS ARE BROKE ALL OF THE TIME. DO NOT DEPOSIT FUNDS WITH THESE PEOPLE THEY WILL CHISEL AND CHURN YOUR CASH AWAY.

Dan,

North Carolina, USA,

Jan 31, 2012,

Guest

I have been trading 4x for 7 years. I recently funded an account with PFG through FFI an IB for PFG. So far it has been a very pleasant experience. If you are needing someone to hold your hand then go to daycare but if you are looking for tight spreads and low commissions then PFG is for you. Futures and Forex under one roof with no trading against you. Customer service is an opinion. Customer service at Walmart isn't great many times but they have the best prices. This isn't your daddy's forex market. Just give me good pricing, platform options and speedy execution . So far...very well done.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.